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Control of the financial activities of the European Investment Bank (EIB) – Annual report 2019
During its July plenary session, Parliament is set to discuss the Committee on Budgetary Control's report on the control of the European Investment Bank's financial activities in 2019. The report highlights the role of the Bank in financing the European Green Deal, and its gradual shift towards being 'the EU Climate Bank'. It also looks into the implementation of the European Fund for Strategic Investments (EFSI) and the Bank's external operations, among other things. As last year, the report strongly ...
EU research and innovation programmes in the fight against coronavirus
As part of the common European response to the coronavirus outbreak, the European Commission has mobilised €1 billion under Horizon 2020, and launched several special actions to tackle the coronavirus pandemic in Europe and abroad. These actions address, inter alia, the development of diagnostics, treatments and vaccines, and the enhancement of infrastructures and resources that enable research. The European Research Area’s action plan prioritises mainly better cooperation, data-sharing, and funding ...
Argentina: Economic indicators and trade with EU
In 2017, Argentina’s economy continued its gradual recovery from major macroeconomic imbalances with a GDP per capita growth rate of 2.9% thanks to austerity measures and a comprehensive reform agenda. However, inflation at 25.7% and unemployment at 8.5% remained high. Whereas economic fundamentals were slowly improving and the country’s political context remained stable after president Mauricio Macri made political gains at the mid-term legislative elections in October 2017, a crisis of confidence ...
Extending the European Investment Bank's External Lending Mandate to Iran
The European Commission adopted two delegated decisions designed to counter the effects of United States (US) extraterritorial sanctions against Iran on 6 June 2018. One of the decisions updates Regulation (EC) 2271/96, known as the Blocking Regulation, to prohibit EU companies from complying with the US sanctions against companies investing in, or transacting business with, Iran. The second decision (C(2018) 3730 final) – the subject of this 'At a glance' note – brings Iran within the remit of the ...
O Banco Europeu de Investimento
O Banco Europeu de Investimento (BEI) promove os objetivos da União Europeia ao conceder financiamento a longo prazo e garantias e prestar aconselhamento a projetos. Apoia projetos, tanto dentro, como fora da UE. Os seus acionistas são os Estados-Membros da UE. O BEI é o acionista maioritário do Fundo Europeu de Investimento (FEI) e, juntamente com este último, constitui o Grupo BEI. No âmbito do Plano de Investimento para a Europa proposto pela Comissão, o Grupo BEI faz parte de uma estratégia mais ...
Parceiros Meridionais
A Política Europeia de Vizinhança (PEV) abrange a Argélia, o Egito, Israel, a Jordânia, o Líbano, a Líbia, Marrocos, a Palestina, a Síria e a Tunísia. A PEV é constituída por políticas bilaterais entre a UE e cada um dos dez países parceiros e por um quadro de cooperação regional, a União para o Mediterrâneo. Em 2011, em resposta às sublevações na sua vizinhança meridional, a UE reforçou o seu apoio às transformações democráticas através da PEV. Em 2015, a UE procedeu a uma revisão desta política ...
Turkey: Economic indicators and trade with EU
The EU is Turkey's number one trading partner, and Turkey the EU's fifth trading partner – and the only one with which the EU has concluded a custom union. Turkish growth remains strong (4% in 2015 against 2% for the EU), even if unemployment remains at a high level, around 9%. Nevertheless, Turkey's economy is driven by exports and foreign investment, inflation remains strong (around 7%, while the euro area aims at 2%) and the Turkish lira remains volatile. In the framework of accession negotiations ...
Turkey: How the Pre-Accession Funds Have Been Spent, Managed, Controlled and the Monitoring System?
This study follows up on the European Court of Auditors Special Report 16/2009 ‘The European Commission's management of pre-accession assistance to Turkey’. The European Commission has undertaken actions addressing the recommendations of the report but it is unclear how effective these actions have been, or are likely to be, in addressing the underlying concerns expressed in the report. In particular, understanding of the effectiveness and impact of European Union funding to Turkey is still very ...
The European Investment Bank: Annual Report 2014 and outlook
The European Union has not yet fully recovered from the global financial and economic crisis. GDP growth rates have begun to increase only slowly, and in most EU Member States investment activity lags behind pre-crisis levels – indicating sizable investment gaps. In fact, gross fixed capital formation in the euro area has declined by 15% since 2007. In 2014, the European Investment Bank (EIB), the EU's public bank and largest multilateral lending institution, contributed financing of €80.3 billion ...
Research for REGI Committee - Review of the Role of the EIB Group in European Cohesion Policy
The aim of this study is to provide a comprehensive analysis and assessment of how the European Investment Bank contributes to the achievement of Cohesion Policy objectives. The study finds that the role of the European Investment Bank in Cohesion Policy increased significantly in the 2007-13 programme period and continues to increase in 2014-20. Research results show that there is limited understanding of the effectiveness of European Investment Bank contributions to Cohesion Policy. In order to ...